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and president obama doesn't want to recognize that that problem exists. >> when you say no one is talking about defaulting on the debt, does that also include letting the debt ceiling lapse? >> well, you know, larry, what we're once again up on the debt ceiling. we have been here before, a year and half ago we were having this debate again. i supported a plan cut cap and balance that would have focused on solving the problem. but clearly we haven't sold the problem and credit card is maxed out again and president obama wants to get that money from china and send the bill to the kids. so any deal to solve this latest crisis ought to include a solution to their actual problem that got us here. >> is john boehner's role still in place? one for one for every dollar of debt increase there should be a dollar of spending reduction? >> i think you need a start with that. then you've got to actually put real programs in place that solve this problem long term. because look, if we don't solve this problem coming up in the next few weeks, we're going to be back here in another few months because president
and small business. finally, president obama, please, ease up on all the regulations. i want to talk about this because nobody should be satisfied with 2% growth. let's talk to our friend dean baker from the center for economic and policy research. welcome to both of you. all right, dean, i think 2% is way too low. i think we should be striving for something that's more than twice and that history of america. why can't we get there? >> i agree that's way too low. your policies, they tried that unity, they're back in recession or maybe they're scraping along. that's not going to do it. the story here, two issues. one, we are going to see slower growth because we have lower population growth and that's because people didn't have kids 30 years old. i don't know if you want to blame president obama for that, that's strange, but you can do so. this was a qualitatively different type of recession. he had a housing bubble, it collapsed. that was not the nature of the recession in '74, '75, '81, '82. those were easy to get out of. easy to have strong growth because the fed deliberately raised inte
. talking guns, money and butter. butter fat to be precise. president obama inviting children to his gun policy announce many earlier today. just as the nra airs ads call is the president an elitist hypocrite for sending his children to school with armed guards. jane, is the use of children in the middle of these kinds of very, very polarized political debates, is it fair? is it right? >> i don't know. it is predictable, tyler. kids are upset about what happened at sandy hook and that's natural. i think guns, pardon the pun, make it an easy target. it is hard to to tell people that there are people in the world who are not right in the mind. >> john carnie, your thoughts? >> nothing new that children have been used for political pawns. i'm not sure this is the most rational way to conduct a political debate but it happens over and over again. >> i think the use of individuals, whether they are children, maybe especially children, being used as part of the scenery in a political event and whether the o 0rdnary people gathering around the president with a fiscal cliff thing, i think it is
brand and it appears he fell badly. the love did not rub off of oprah on to lance. >> let's talk about the inauguration monday. barack obama. take a look at the official white house photograph from 2009 and now in 2013. the presidency does age us, isn't it, neil? >> it certainly does. almost as bad as trying to run a media website. but seriously, obviously, when you see these pictures, before and after the presidents, you're like wow, i'm glad i didn't get a day older myself. it is a tough job and obviously particularly partisan, nasty. sort of things that tear at you internally. that's what's been going on the last four years. you got to feel for the guy. >> let's not go back to 2007 when we met. >> it is like dog years. salt and pepper looks okay on him. when i'm 51, i hope i'm in raz descent of shape. >> yeah. good basketball player. >>> quick programming note. on monday, we will have special coverage of the second inauguration of president barack obama. beginning at 11:00 a.m. eastern on monday here on cnbc. simon? >> in the meantime, millions of dollars worth of classic cars on th
. it seems like something they would want to talk about. >> certainly. even michelle obama was offering, you know, her support saying she wants other retailers involved as well in this program. i'm not sure what happened. >> i am assuming they don't want to put themselves on television because. gun debate that is raging at the moment. it's a very difficult subject for the largest seller of weapons in the united states. if you look at what happened in the wake of the shooting that we had here, they removed the bushmaster ar-15 that killed 26 people from their website. and yet we're still selling semiautomatic guns, and many guns sold out of the semiautomatic guns and they say they're not prepared to change their gun mix. they're right in the heart of that debate as the largest licensed gun seller in the united states, as we get moves almost by the hour. the white house trying to change gun policy. >> exactly. >> reluctantly. they didn't want to go in the first instance and said, we didn't realize how important that it was that we were physically. >> we'll discuss that today as well. i wish i
with a payment plan to prioritize how to use what money the government has on hand. but i talked to several fed officials about prior debt ceiling showdowns, and they said the fed said there would be no way to proceed without money in the treasury. we'll see what president obama says in his press conference, if he ratchets up the rhetoric this morning. he's been clear he would negotiate only spending cuts, but not in context of the debt ceiling debate. simon? >> okay. >> steve, are we all agreed on what the word default means in this case? we're going to be talking about it an awful lot. >> great question, carl. it's a political question. you can default on the interest payments, and that's a sort of, i guess the technical or legal version of default. or you can default on obligations. in other words, the government incurs a debt, but doesn't pay it. that's of a different order of magnitude from defaulting on the interest payments on the debt. in general, the white house wants you to believe that default is everything. and it's a terrible, terrible thing to happen. where as i think the republic
Search Results 0 to 5 of about 6